Monday, September 28th, 2020
In life as well as in business, the best lessons are often learned during the most difficult and challenging times, and this sentiment certainly holds with respect to the mortgage market since the onset of the COVID 19 pandemic.
With an array of new complexities and added considerations impacting mainstream lenders in recent months (together with previously static parameters changing at the same time), many have temporarily withdrawn from the buy to let market.
That said, some landlords have benefited from using the services of buy to let mortgage brokers who have helped them to stabilise, manage, and then grow their buy to let property portfolios. A suitably qualified and experienced broker can access specialist buy to let lenders that understand these new market conditions and have mortgage products that will address many of the issues that arise from them.
Looking ahead in terms of the mortgage market, whilst the Coronavirus pandemic will bring its challenges, the team here at Caboodle Finance believes that there are likely to be great opportunities for those who are in a position to negotiate this ‘new look’ buy to let market.
More specifically, although the next 12 months may prove to be tough for some landlords and property investors, the role of specialist lenders will be pivotal. This is because in using a criteria-led approach to assess each applicant’s circumstances, which offers greater flexibility as part of a manual underwriting process, they can view each case holistically and on its own merits.
In fact, an introduction made by a professional broker can often be the make or break point for a landlord who must first survive and, following this, build upon the foundations of what was perhaps once a much stronger property portfolio.
In summary, independent professional advice remains a crucial component in any property investment scenario and that is where our team will add value to your project.
Whether you are an existing landlord or just getting started on your property journey, call us here at Caboodle Finance of Sutton Coldfield, Birmingham 0121 308 9114 to speak with one of our friendly experts in complete confidence or, alternatively, just click HERE to contact us via our website, and one of our buy to let mortgage specialists will get in touch.
We look forward to hearing from you.
Caboodle Financial Services Ltd
Mere Green House
46-48 Mere Green Road
West Midlands B75 5BT
Telephone: 0121 308 9114